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doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for hi
. how else could he have been so far off on the mark? that's my opinion. not john's. joining us now to discuss democratic strategist jimy williams. let me start with you. what do you think of this whole situation? is this politics by timothy geithner, secretary geithner? >> it is politics on every side. what is so frustrate sing this letter clearly underscores what many americans already know. we have a budget crisis because we have a spending crisis. while the talking heads on tv go on about tax cuts for the rich and we get them, will we not get them, had is about spending and have to address spending now. >> when you read his moats, the -- outline that he sends to harry reid, he says the government is spending $100 billion more per month than what it brings in. i mean, it is really incredible. what does this mean for the fiscal cliff discussions? >> well, i don't think it really means a whole lot. i think it is -- sort of the white house's way, treasurer's way, of putting extra pressure on the people in the building behind us. by the way, none of them are there. i'm not sure that'
're used to taking our shoes off and going through the tsa pat-downs. we're spending a lot more money on counterterrorism than gun violence. but we have more deaths due to gun violence than to terrorism. we have to start putting more attention, more resources and maybe having to change some of these types of security measures, unfortunately. >> congresswoman, let me ask you about this security issue. this is a tough issue. most people don't want to have to go through drills like that. like i said, a lot of people in the newtown area and i know it well, we're up there, that's why they're there, because it's a calmer, peaceful place. and yet is the kind of drill that my sister-in-law had in virginia beach, is that coming nationwide? is it going to be like the security, the tsa that we hate it but it came nationwide fast? >> maybe. but since we just heard in this report that his mom, apparently the shooter's mother was a teacher there, probably he was familiar to the staff. i'm going to guess. we don't know. but -- >> that's why they let him in. >> right. what does that tell us? that you
to ask certain questions and i've got to tell you, i'm going to use them. all scripps, stay away, big resignations tonight. bull market somewhere, i promise to try to find it here on >>> good evening. i'm joe joe kernen in for larry kudlow. the fiscal cliff, gun control in detroit dominating the news. >> there's no question about it. if you want a deal on the fiscal cliff, today was a very bad day. only duelling press conferences. no progress behind the scenes. we'll talk about it a a few minutes. >> i'm hampton pierce earson. >> and gm shares got a nice pop. is this the end of government motors. "the kudlow report" starts right now. >>> first up tonight is president obama and house speaker john boehner escalate their war of words, new signs the fiscal cliff talks are on the brink of collapse. chief washington correspondent john harwood joins us from washington with the details. i look away for two seconds, john, and everything's falling astart. >> it looked a couple of days ago as if the two sides were getting closer. when president obama had a news conference at the white house toda
money." i'm jim cramer. see you tomorrow! hey, larry, what do you have for us? connecticut, where the first of the victims from the tragedy here were laid to rest today. this grieving town begins the process of saying good-bye, investigators continue their search for how and why it all happened here. i'll have more coming up. devastation of superstorm sandy, but wait until you hear about all the pork loaded into this $60 billion sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have
us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff. up more than 3% for the week. also technology and materials they finished lower on the day, as well, but higher for the week. the worst-performing sectors this week, consumer staples, telco, and health care, and in terms of the individual stocks that we were watching on the s&p 500 nyse was bigger with a 30% upside after news of that $8.2 billion deal to be acquired by the intercontinental exchange. to the downside, it was electronic arts logging a loss on concerns there will be more scrutiny on violent video games in the coming days and weeks after that tragedy at sandy hook, elementary school. >> many thanks, appreciate it. >>> here now to talk to us dan greenhaus, you are, if i understand it, a fiscal cliff
Search Results 0 to 5 of about 6